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Monday, October 3, 2011
BAC Breaks the $6 Barrier
The beleaguered Bank of America broke the $6 barrier today as the S&P 500 sits at the all important 1120 level. BAC is now back to levels it last hit in April 09. It has about $20 in book value and $12 in tangible book. In theory, if the whole company were liquidated the stock would double.
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